|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Cook Islands||05||05 - Health and income support||NZD||61,000,000||36,902,601||Ministry of Finance and Economic Management. http://www.mfem.gov.ck/images/MFEM_Documents/COVID-19/Cook_Islands_Economic_Response_to_COVID-19.pdf (accessed 13 April 2020).||
The Government’s COVID-19 Economic Response Plan with a total value of NZD61 million has three objectives. The first is to stimulate demand through support to local business to ensure that the economy is able to continue to operate, even at a reduced level, during this period of extreme uncertainty surrounding COVID-19. The second is to support the livelihoods of those that are likely to be most affected by the economic fallout, including those required to self-isolate, those that lose their jobs and the elderly and infirm. The third objective is to achieve the first two objectives in a fiscally responsible manner that does not undermine the Government’s ability to undertake further fiscal intervention over the longer-term, should that prove necessary. Breakdown as follows: (i) NZD5 million, Ministry of Health; (ii) NZD2.3 million support for self-isolation; (iii) NZD2 million small capital works program; (iv) NZD12 million major capital projects; (v) NZD0.97 million unemployment benefit; (vi) NZD22.51 million wage subsidy; (vii) NZD1 million child benefit payment; (vii) NZD0.87 million one-off welfare payment; (viii) NZD50 thousand redeployment program; (ix) NZD3.36 million business grants; (x) NZD2.32 million indirect costs (tax relief, TAU,etc).
|Cook Islands||05A||05A - Health support||NZD|
|Cook Islands||05B||05B - Income support||NZD|
|Cook Islands||08||08 - International Assistance Received||NZD||26,158,270||15,824,725|
|Cook Islands||08A||08A - Swaps||NZD|
|Cook Islands||08B||08B - International loans/grants||NZD||26,158,270||15,824,725|
|Cook Islands||08B1||08B1 - Asian Development Bank||NZD||19,158,270||11,590,000||ADB. Table A1.2: Sovereign Lending and Asian Development Fund Grant Operations (as of 17 July 2020); ADB. Table A1.4: Asia Pacific Disaster Response Fund and Technical Assistance (as of 14 August 2020); ADB. Table A1.5: Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases (as of 17 July 2020).||
(i) USD0.27 million under the TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases; [update as of July 17] (ii) April 15, USD0.1 million technical assistance under Strengthening Social Protection in the Pacific; (iii) April 24, USD0.11 million technical assistance under Developing the Pacific Health Sector (Additional Financing); (iv) June 5, USD0.17 million technical assistance under Pacific Economic Management (Additional Financing); (v) June 29, USD9.73 million Disaster Resilience Program, Phase 2; (vi) June 24, USD0.06 million technical assistance under Supporting Public Sector Management Reforms. [update]; (vii) July 29, USD1 million under COVID-19 Emergency Response; (viii) August 10, USD0.05 million under Knowledge and Support Technical Assistance for Strengthening Water, Sanitation, and Hygiene Practices and Hygiene Behavioral Change in the Pacific; (ix) August 12, USD0.10 million technical assitance under "Support for gender sensitive responses to COVID-19 in the Pacific Developing Member Countries.
|Cook Islands||08B2||08B2 - Other||NZD||7,000,000||4,234,725||Government of the Cook Islands. https://cit-covid19.s3-ap-southeast-2.amazonaws.com/Government+of+the+Cook+Islands+18+May.pdf (accessed 21 May 2020).||
By end of March, NZD7 million from New Zealand in direct budgetary support for the Cook Islands' COVID-19 response measures.
|Cook Islands||09||09 - International Assistance Provided||NZD|
|Cook Islands||09A||09A - Swaps||NZD|
|Cook Islands||09B||09B - International loans/grants||NZD|
|Cook Islands||11||11 - Other Economic Measures||NZD|
|Federated States of Micronesia||05||05 - Health and income support||USD||35,000,000||35,000,000|
|Federated States of Micronesia||05A||05A - Health support||USD||20,000,000||20,000,000||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).||
To address the emergency caused by COVID-19, the national government has prepared a USD20 million (or about 5% of GDP) COVID-19 Response Framework, in order to develop quarantine and isolation facilities across the nation, provide mandatory infection control training for all first responders, and increase testing capacity and ventilators for each island state in the Federated States of Micronesia.
|Federated States of Micronesia||05B||05B - Income support||USD||15,000,000||15,000,000||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).||
April 22, The government approved the economic stimulus package of USD15 million (about 3.8% of GDP). The package includes measures to support affected businesses, including wage subsidies, debt relief, as well as social security tax and other tax rebates.
|Federated States of Micronesia||08||08 - International Assistance Received||USD||27,664,600||27,664,600|
|Federated States of Micronesia||08A||08A - Swaps||USD|
|Federated States of Micronesia||08B||08B - International loans/grants||USD||27,664,600||27,664,600|
|Federated States of Micronesia||08B1||08B1 - Asian Development Bank||USD||8,840,000||8,840,000||ADB. Table A1.2: Sovereign Lending and Asian Development Fund Grant Operations (as of 17 July 2020); ADB. Table A1.4: Asia Pacific Disaster Response Fund and Technical Assistance (as of 14 August 2020) ADB. Table A1.5: Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases (as of 17 July 2020).||
(i) March 31, USD0.47 million under the COVID-19 Emergency Response; (ii) April 8, USD0.47 million under the TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Disease; [update as of July 17]; (iii) April 15, USD0.02 million technical assistance under Strengthening Social Protection in the Pacific ; (iv) April 17, USD6 million under the Pacific Disaster Resilience Program (Phase 2); (v) April 24, USD0.13 million technical assitance under Developing the Pacific Health Sector (Additional Financing); (vi) June 5, USD0.14 million technical assistance under Pacific Economic Management (Additional Financing); (vii) July 29, USD1.03 million under COVID-19 Emergency Response; (viii) August 10, USD0.35 million under Knowledge and Support Technical Assistance for Strengthening Water, Sanitation, and Hygiene Practices and Hygiene Behavioral Change in the Pacific; (ix) August 12, USD0.23 million technical assitance under "Support for gender sensitive responses to COVID-19 in the Pacific Developing Member Countries.
|Federated States of Micronesia||08B2||08B2 - Other||USD||18,824,600||18,824,600||The National Government of the Federated States of Micronesia. https://gov.fm/index.php/component/content/article/35-pio-articles/news-and-updates/308-president-panuelo-vice-president-george-receive-ambassador-cantor-7-700-000-via-an-act-demonstrating-that-the-united-states-cares-for-the-fsm-us-enduring-partnership?Itemid=177 (accessed 20 April 2020); US Embassy in Georgia. https://ge.usembassy.gov/the-united-states-is-assisting-pacific-island-countries-to-respond-to-covid-19-april-22/ (accessed 27 May 2020). United Nations MPTF. http://mptf.undp.org/factsheet/project/00121529 (accessed 29 May 2020). US Federal Aviation Administration. https://www.faa.gov/airports/aip/2020_aip_grants/media/FY20-AIP-Grants-Announced.pdf (accesed 18 September 2020).||
(i) March 27, USD7.7 million supplemental funding signed by Trump under the CARES Act through the US DOI Office of Insular Affairs’ Technical Assistance Program; (ii) March 30, USD27.6 thousand awarded by US HHS Office of the Assistant Secretary for Preparedness and Response (iii) April 1, USD1.26 million allocated by US Department of Health and Human Services; (iv) April 8, USD3.11 million awared by US HHS Health Resources and Services Administration to to support 5 health center grantees in Chuuk (1), Kosrae (2), Pohnpei (1), and Yap (1); (v) April 14, the Honorable Livingston A. Taulung, Secretary of the Federated States of Micronesia’s (FSM) Department of Health & Social Affairs and Chair of the COVID-19 Task Force, received His Excellency Huang Zheng, Ambassador of the People’s Republic of China (China) in a handover ceremony wherein the Ambassador presented, on behalf of the people and Government of China, medical supplies and a cash donation of USD100,000 to assist the FSM in combatting the COVID-19 Pandemic; (iv) April, The Joint Economic Management Committee, comprised of U.S. and Micronesian government representatives, approved USD1.65 million for Yap and USD1.40 million for Chuuk in prior-year unallocated Compact sector grant funding to be used for health-related COVID-19 preparedness and planning. For Kosrae, USD1.2 million in Compact infrastructure sector grant assistance was approved for construction of a 24-unit COVID quarantine facility. In addition, USD417 thousand in prior-year Compact Infrastructure Maintenance Fund assistance has been provided to Chuuk to assist with hospital infrastructure preparedness; (v) May 13, USD300,000 from UN COVID-19 Response & Recovery Fund to Support COVID-19 Contingency Plan for Federated States of Micronesia; (iv) September 1, USD1.66 million Airport Improvement Program from the US Federal Aviation Administration.
|Federated States of Micronesia||09||09 - International Assistance Provided||USD|
|Federated States of Micronesia||09A||09A - Swaps||USD|
|Federated States of Micronesia||09B||09B - International loans/grants||USD|
|Federated States of Micronesia||11||11 - Other Economic Measures||USD||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 April 2020).||
(i) No monetary policy response. With the U.S. dollar its legal tender, the FSM does not have a central bank; and (ii) No exchange rate policy response, given that U.S. dollar is the legal tender of the FSM.
|Fiji||05||05 - Health and income support||FJD||1,210,900,000||549,509,893||WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 1 May 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 1 October 2020). Fiji Village. https://www.fijivillage.com/news/Ministry-working-to-avail-funds-to-help-additional-number-of-Fijians-requiring-social-welfare-assistance-54xrf8/ (accessed 11 September 2020).||
(i) March 26, A supplementary budget (FJD1 billion) was announced in response to the COVID-19 pandemic. Supplemental expenditures on public health, lump sum payments through the Fiji National Provident Fund (FNPF), tax and tariff reductions, and loan repayment holidays aimed at protecting public health, supporting the economy, and ensuring food security. An Agricultural Response Package to ensure food security has also been announced. It includes the scaling up of the existing Home Gardening program and a new Farm Support Package which aims at boosting the production of short-term crops through seeds and materials distribution; and effective March 2020, No amount/estimate: (ii) Temporary elimination of import excise duty (from 15%) on ethanol for production of hand sanitizers; (iii) Temporary elimination of import fiscal duties on certain products like glove, masks, disposable hair nets, hospital beds, etc.; (iv) Temporary elimination of the VAT on imports of certain products like vaccines, pharmaceutical products, etc.; (v) Temporary increase of the import fiscal duties (by 0.2/L on fuel (diesel and petrol); (vi) June 4, Government expanded its unemployment assistance; (vii) July 17, a second fiscal package was announced as part of the FY2020-21 budget for the fiscal year beginning in August, consisting of sizeable tax and tariff cuts. The budget also entails a total of FJD100 million for unemployment assistance and a subsidy to Fiji Airways of FJD60 million to incentivize first 150,000 tourists in new fiscal year; (viii) As of September 11, the Permanent Secretary for Poverty Alleviation of the Ministry of Women, Children and Poverty Alleviation is working to avail funds to help additional number of Fijians requiring social welfare assistance after the effects of COVID-19; (ix) As of October 1, The Government has introduced several additional allocations amounting FJD50.9 million for the development of the sugar sector. [update]
|Fiji||05A||05A - Health support||FJD|
|Fiji||05B||05B - Income support||FJD|
|Fiji||08||08 - International Assistance Received||FJD||475,842,960||215,938,900|
|Fiji||08A||08A - Swaps||FJD|
|Fiji||08B||08B - International loans/grants||FJD||475,842,960||215,938,900|
|Fiji||08B1||08B1 - Asian Development Bank||FJD||224,789,236||102,010,000||ADB. Table A1.2 Sovereign Lending and Asian Development Fund Grant Operations, Table A1.4 Asia Pacific Disaster Response Fund and Technical Assistance, Table A1.5: Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases (all accessed as of 21 August 2020).||
(i) April 15, USD0.03 million announced by the ADB as part of the Strengthening Social Protection in the Pacific program. On July 24, additional USD0.05 million co-financing under the same program; (ii) April 24, USD0.11 million allocated by the ADB as additional funding to Fiji under the Regional Project on Developing the Pacific Health Sector; (iii) USD1.20 million under the TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases; (iv) June 5, USD0.17 million in financing under the Pacific Economic Management, Phase 3 project; (v) July 15, USD100 million funding from the ADB under the Sustained Private Sector-Led Growth Reform Program, with another USD50 million of co-financing from the AIIB; (vi) July 24, USD0.07 million under the regional project, Due Diligence and Capacity Development of Trade Finance Program Banks (Subproject 3); (vii) August 10, USD0.32 million under the regional project, Knowledge and Support Technical Assistance for Strengthening Water, Sanitation, and Hygiene Practices and Hygiene Behavioral Change in the Pacific; (viii) August 12, USD0.11 million under the regional project, Support for Gender Sensitive Responses to COVID-19 in the Pacific Developing Member Countries.
|Fiji||08B2||08B2 - Other||FJD||251,053,724||113,928,900||Asian Infrastructure Investment Bank. https://www.aiib.org/en/news-events/news/2020/AIIB-Approves-USD50-Million-Loan-to-Fiji-for-COVID-19-Response.html (accessed 27 August 2020). US Embassy in Fiji. https://fj.usembassy.gov/usaid-provides-ventilators-to-fiji-kiribati-and-nauru-to-respond-to-covid-19/ (accessed 20 August 2020). World Bank. https://www.worldbank.org/en/news/press-release/2020/06/24/covid-19-coronavirus-world-bank-boost-for-fijis-health-sector# (accessed 25 June 2020). ABC News. https://www.abc.net.au/news/2020-05-20/australia-financial-support-pacific-governments-cyclone-pandemic/12262328 (accessed 28 May 2020).||
(i) May 20, AUD10.5 million in quick financial support from Australia to support Pacific countries hit by both the recent cyclone and pandemic; (ii) June 25, USD7.4 million in funding from the World Bank to further support the Government of Fiji in strengthening its health systems in the wake of the COVID-19 emergency; (iii) July 15, USD50 million co-financing from the AIIB under the Sustained Private Sector-Led Growth Reform Program; (iv) No amount/estimate: August 19, The US Government, through the US Agency for International Development (USAID), has donated 50 brand-new, state-of-the-art ventilators to Fiji, Kiribati, and Nauru to assist their fight against COVID-19; (v) August 14, The AIIB approved a USD50 million loan to support the government’s efforts to provide assistance to the formal sector, including small and medium enterprises and their employees, and members of the informal sector.
|Fiji||09||09 - International Assistance Provided||FJD|
|Fiji||09A||09A - Swaps||FJD|
|Fiji||09B||09B - International loans/grants||FJD|
|Fiji||11||11 - Other Economic Measures||FJD|
|Kiribati||05||05 - Health and income support||AUD||32,900,000||21,955,980||Asian Development Bank. https://www.adb.org/sites/default/files/publication/622976/pem-july-2020.pdf (accessed 26 July 2020).||
June, The Government of Kiribati mobilized its COVID-19 preparedness and response plan, valued at AUD32.9 million. The bulk of the funding will be for social and financial support (37.2%), health preparedness (36.2%), food security (12.4%), and education (9.2%). The remaining funds will support transportation, public awareness campaign, and small infrastructure works to refurbish isolation centers. Grants and subsidies are expected to be provided to businesses as well as state-owned enterprises to continue basic support services to the public. There will also be grants for unemployed I-Kiribati impacted by COVID-19, including seafarers, fisheries observers, fruit pickers, and casual workers in the construction and tourism industries.
|Kiribati||05A||05A - Health support||AUD|
|Kiribati||05B||05B - Income support||AUD|
|Kiribati||08||08 - International Assistance Received||AUD||8,376,351||5,590,000|
|Kiribati||08A||08A - Swaps||AUD|
|Kiribati||08B||08B - International loans/grants||AUD||8,376,351||5,590,000|